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Sunday, November 6, 2011

My deb situation on date of November 6, 2011

9 550.18$ at a low interest rate of 4.75% (RRSP credit line rates) = 453.63$ in annual interest

4 800$ at a low interest rate of 4% (credit line rates) = 192$ in annual interest

7 811.51$ on a TD Canada Trust credit card at a low interest rate of 2.9% (result of a credit card balance transfer) = 226.53$ in annual interest

7 178.89$ at low interest rate loan at 5.50% (student loan) = 394.84$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

9 018.28$ at 7.52% (credit line rates) = 678.17$ in annual interest

48 764.36$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
2 072.49$ in annual interest

TOTAL: 87 123.22$

TOTAL in annual interest: 4 017.66$
[In date of November 6, 2011]


Anonymous said...

I'm sorry but you're hardly winning. Living with your parents, driving an echo? Why did you move back to NB anyway? Must have been for a man. In the meantime, if I want to lose ill follow this blog. But I'm doing just fine. Thank you.

Ruth said...

HI Sunny, in my opinion , i think it would be best to reduce your debt while the interest rates are low. maybe use some of the dividend money to pay off debt. in my early years of marriage i always said i would be debt free someday and i am now,,a feeling of freedom. i would think anonymous will have a comment or two for you.

Sunny said...

Want to stop following the best financial blog ever?

I am driving an Echo because the car is reliable and cheap on gas. It's also good for the insurance. If I would be driving the car of the year, it will cost me a lot more just in insurance. So I think myself as a genius right there actually.

NB is the place to be. Maritime is the hottest place. I am from NB. I wanted to get a job in NB and I had moved back here in August. I got very lucky.

My wage is much better here. i didn't like that much Quebec province and i was happy to be able to finally leave and I hope it will be forever. If you ever notice, I had been investing quite a good amount of money since August, money coming directly from my pocket, not margin money. So I am making a great deal of cash and I use it to increase my portfolio. Just working very well so far.

I make money and lose money on the market. I also have debt. I also have a good amount in my portfolio. All of it is my personal finance situation. That you like it or not doesn't change anything, but you can always stay in here and be bitchy if you like. It's spice up the comment area quite a bit.

Hi Ruth,

Thanks for the good advice. I know most people don't feel good about their debt, but I don't mind having debt and I don't mind paying interest as long as the interest amount is lower than what I earn in dividend. And also of course, I have something left as net worth. I might be around 70k now in net work. My non registered portfolio closed at 110k Friday.

I had been able to get all type of loans, credit lines, credit card balance transfers etc etc and I truly enjoyed it. It wasn't done in order to be paid off. Eventually yes, but in an immediate time, interest is low, I feel comfortable even if my debt level is high.

I wanted a 6 figures portfolio and I only got it because I had decided to enroll in debt. It was a decision that I took because I wanted a portfolio that satisfy me. I basically got all I wanted and it's all I ever wanted.

Having debt is ok if the person can handle it without living in frustrations. That's what I think. Debt is 4 life.

Anonymous said...

Best financial blog ever? Well, I subscribe to a few. Yours is not the best. I'm not trying to be negative like that other poster but your posts don't make sense to me. I too am an NBer who speaks both officials languages. My written French is probably like your written English, when it's YOU writing. I wouldn't be able to switch from my French to perfect French in a second. How do you do that? Some parts of your posts are written better in English than the experts and some are struggling to make sense.
I'm a guy. Believe me, if I thought you were half as hot as you let on to be, I'd still say this.
Unfortunately I don't believe anything you write.
Even if you are hot.
PS....I'm 24, own my own house, and drive a Ford Edge. It can be done.

Sunny said...

Mine is not the best? Get OUT OF HERE!!!!! :)

What do you not believe? That I have 87k+ in debt? Is it really that hard to believe? Really?

That's very good if you have a house and a good looking car. Very good. At 31, I don't have anything like that because I prefer to pay a rent to my parents and I prefer to drive my mother old car and I think that's cool actually.

I am doing what I can with my English. I am writing blog posts, not a novel. I barely proofread myself. I am not interested into a well written blog. I am more into the authentic thing. I want to share the raw personal financial experience. That's what my readers get, and nothing else. If you don't like it, feel free to move on another blog. Because I really don't care. I won't be spending too much time like i am doing now trying to explain. I don't have to explain myself. It's not in my nature. I don't own you anything, you need to understand that.

I don't think my English is that bad either but the language corrector of Microsoft Word has its limit and I have mines.

Anonymous said...

I've read your posts. When it's you writing, they are hard to follow, like your response to me.
At other times you write like you're an Anglo bank expert.
I think you copy others.
Therefore I'll move on. Not waste any more time on your blog.

Sunny said...

If I sound like an expert sometimes, well, I guess it's normal since I had been investing since 2005.

Anyhow, thank you and goodbye.

Anonymous said...

Your English isn't good enough to be you writing some of your posts. If you borrow from someone you are supposed to tell us, not pretend those are your words.
That's what I mean.
I can't believe I'm the only person reading your blogs who sees this.

Anonymous said...

Are you hot btw?

Anonymous said...

Email me

Prove it.

Crystal said...

Sunny, be careful not to run into Ryan's expensive car at bargain day in the WalMart parking lot. Oh, he won't be at that sale; he likes to pay full price for all his stuff.

pattirose said...

I think Sunny is a 70 year old man that doesn't have a life, and is pulling the wool over our eyes - LOL!!

Anonymous said...

I think you're full of bullshit. I'm a day trader and having gone back and analyzed your claims, your net worth right now would be -432000$!
I'm glad you have a disclaimer on your blog.
J. Otis RBC

Sage homme said...

Dividend Girl,

Je n'aime pas ton racisme à l'endroit du Québec, mais je vais quand même te donner un conseil parce qu'une langue nous unit, malgré ce que tu peux en penser.

Tu es travaillante, tu as du caractère, tu es fonceuse, tu es vaillante et tu as des objectifs.

Ce qu'il te manque ce sont les connaissances financières. Derek Foster c'est bien, mais c'est quand même de la lecture de second ordre. Il te faut
apprendre les rudiments de l'investissement.

Lis la chronique de Claude Chiasson dans Le Devoir. Et je te suggère fortement de s'abonner à sa classe Internet, même si ce n'est qu'une seule année. Tu verras que ton 250$ sera très bien investi.


Sunny said...

You can comment on here but it will be appreciate if you'll comment in English because in case you didn't notice, this blog is all in English.

I have my reasons why I don't like appreciate Quebec province. My best advice to any Canadians: stay away from Quebec province.

Your Bloc Québécois, Québec Solidaire and Jean Charest liberals are all full of shit, very representative of who Quebeckers. In life, you get what you deserve and you get what you want. Quebec is a land of massive social destruction.

I wrote in many occasions the experiences I lived while living in Montreal, financial experiences, bad customer service from Montreal TD Waterhouse working at the office of the Montreal Eaton Centre and so on. Quebec people don't know how to deal with money and they especially suck in term of customer services.

You need to realize your Quebec social mediocrity. I had build myself on it, I build my portfolio, I knew I could do it all despite getting all those bad experiences while living in Quebec.

While meeting some very good people coming from foreign countries, when they talked about their problems I always said, get out of here, it's not the same thing everywhere in Canada.

I had met that Haitian Doctor that had immigrated in Quebec but was getting a lot of problems from the College des médecins. I told too, get out of here! Go to New Brunswick! Well that person, even after 1 year was not able to work as a doctor so she decided to move back to Haiti. Is that suppose to be right? And this is just an example among other.

Regular readers know a lot more about my experiences in Quebec province. Your society have a lot to be blame for.

I am currently at more than 110k in my non registered portfolio. At this point, you need to understand that no one really stop me from being successful at this point. There's nothing you can do or say that can affect me.

I read about your Claude Chiasson and I am not stupid enough to pay to take part to a forum to learn. Real financial advices are giving for free by the worlds best known over the Internet. You can read Derek Foster for free at the library. You can read Gordon Pape into your broker account if you are with TD Waterhouse. You can read about Eric Sprott all over the Internet etc etc etc. There's no way I am going to pay for something that don't worth it. Claude Chiasson is very by the book kind of guy. Need to buy a house some other bla bla bla of the kind. I am not into the conventional and I certainly don't want to buy a house. I don't want to be well off. I just want to do what I want.

I want to be in charge of my money and no one else is welcome aboard.

And don't expect me to get any financial advices coming from a Quebecker, if not Jean-François Tardif, but that will be the only one.

Anonymous said...

Now Sunny, I've read other French comments on your blog and you've responded in French.
I'm afraid I'm in agreement with other posters that I don't understand your English in some posts yet you have perfect English in others, better than what Microsoft can do.
Maybe you are a 70 year old man whose faking knowledge about finances and English.
I dare you to post this.

Anonymous said...

I've tracked a bit of your debt. August 2007 it was $15184.
Never mind between 2007 and 2010.
Feb 2010 - $31358
Mar 2010 - $36585
May 2010 - $37475
Sept 2010 - $41712
Dec 2010 - $47221
Jan 1 2011 - $58300
Jan 18 2011 - $64218
Feb 2011 - $68988
Mar 2011 - $71773
Apr 2011 - $74971
May 2011 - $84365
June 2011 - $79060
Oct 2011 - $85168
Nov 2011 - $87123

And you don't even own a house?
Your net worth as of the end of October was $67259.
Very far from $200000. In fact, the way you are proportionally accruing debt, before long your debt ratio will be higher than your assets.
You won't even be able to buy a pair of shoes.
I owe less than you, drive a nice car and live in a nice house.

Anonymous said...

200000 is her next asset goal. She currently states roughly she has 154000 as her CURRENT Assets. She also subtracted her debt and tells us her net worth is as a result.

Sunny said...


I am very impress :)

You get this all right.

Anonymous said...

Hi Sunny, Ryan, et all,

Sunny-I'm not sure if you've mentioned this in your blog, but are you enrolled in a DRIP? If so your dividends would be more useful compounding-buying more shares. If not-it'll just be as beneficial in paying off your debt.

Anonymous +Ryan-Who cares if Sunny is deeply in debt. It's not her total debt that matters-but she cash flow(hence: one way Sunny can increase her cash flow is if she hopefully gets raising dividends). And the reason I suspect Sunny is only looking at dividend paying stocks is to increase her cash flow.

RYan-I love buying other people's mistakes-whether it be in stocks, real estate, bonds, or cars. An example, I picked up a used 2007 Toyota Matrix with only 37,000 kms. I paid less than half of of the cost of a new one(and this one was fully loaded). Turns out someone was renting it and didn't want a good work horse anymore(shame really). I had the cash to take advantage of the situation just like Ben Graham did in 1939 when he invested $10,000 in 100 stocks at bargain basement prices. Oh, and BTW: with my DRIPS I get a certain % off whenever my dividends are reinvested. I call that a bargain.


Anonymous said...

Driving a nice car, living in a nice house or having 1 million dollars in the bank doesn't define you as a person. What defines you as a person is posting comments trying to put a stranger down. That speaks volume about you.

You would think you would have something better to do than track the debt or someone you don't even know. Lots of other people owe a lot more money and doesn't have anything to show for it. At least she has 145,000 in stocks.

Sunny said...

I don't understand some reactions about my debt. Those are my debt, not yours, after all. There's an over reaction coming from some jerks.

By getting the good looking car and the big house, you are falling into a trap that will drive you no where.

You pay more in insurance for a new car. As for the big house, you'll pay taxes on it like crazy, major mortgage payments and you also pay more in insurance for the home, because it's big... You pay more for the electricity and the head.

If you want to be part of the hypocrite machine, go for it. However, I won't. Nothing of my money will go into taxes, huge mortgage payments or insurances.

It's all about if you have good values or not. Most people are very superficial. And I guess some people don't like to read about what are their complete opposite. In result, I am getting those kind of hateful comments. I am just so perfect, you'll have to learn to live with that you know at a point.

I am not very impress.

As for the other comment, of course, I am enroll on a DRIP for everything. :)

Paying debt is good for people who don't know what to do with their money.

I am about to pay off debt soon because I am getting short in investment ideas. As soon I will be at 200k, it will be a different pattern.

Anonymous said...

A house- you live with your parents.
Ummmmm.....what are you planning to do with all this $$$ you make? Sit and stare at it?
So you'll never buy a car or house?
Not only are you unrealistic, you're kind of shallow. I've read the mean things you've said about others here in your blog.
You're debt ratio has climbed. That's all I'm saying.
I examined your debt because I was curious why so much debt.
And pardon me, I LIVE.
The Dividend Girl is living for emails and blog comments.
Aside from living well, I also have a portfolio. I've had it for years. I've made my $200k plus and never went into debt to do it.
But hey, if someone wants to live comfortably, I guess they are stupid.
BTW.....who pays your parents' bills?

Anonymous said...

An important thing to focus on with debt I think is to always make sure your dividend income exceeds your interest expense (along with a bit of a cushion in case there are any dividend cuts)

- E

Ruth said...

Sunny, you have to love you. i admire the spirit and conviction you have. you print every letter , no matter how insulting it is to you. i have to laugh at it all because it is funny, you are doing so well to a lot of other 30 year olds that i know and NO, your not a go with your heart and i love it! i wish i had been at 30 where u are now kiddo.

Ruth said...

Sunny, you have to love you. i admire the spirit and conviction you have. you print every letter , no matter how insulting it is to you. i have to laugh at it all because it is funny, you are doing so well to a lot of other 30 year olds that i know and NO, your not a go with your heart and i love it! i wish i had been at 30 where u are now kiddo.

Anonymous said...

Wow. you examined Sunny's debt cause you where curious. Are you going to start examining everyone else debt too. Go examine someone who paid $50,000 for a car that will still only get them from point A to Point B and as depreciated 30% in the first year alone.

If Sunny lives for her blog, and she likes it, what's it to you. You can have your hobby and Sunny can have hers.

Again, who pays her parents bills has got nothing to do with you. If her parents wanted her home and are happy with the amount she gives them, that's all that matters.

What does it gave you to put Sunny down, what as she ever done to you. If she's happy living a simple life, good for her.

Anonymous said...

I personally know Sunny doesn't print every comment.

High on Dividends said...

I too know personally that Sunny does not publish every comment! Like my last one....

Crystal said...

Sunny, you are so lucky! You are out traveling and enjoying life while several of your followers sit at home all day in front of their computers tracking your finances. Could I get them to fill out my tax forms while I go shopping?

You photos look great and your life seems really fun.

Anonymous said...

Hey Crystal. You seem like a good pal. Take some time to be honest with this woman. As a friend. Of course.

Anonymous said...

Sunny, please publish all the comments, I am curious to know what you decided not to publish. Or you could say why you didn't publish them.

Crystal said...

I'm not here to make friends. I'm here to make $$$.

Anonymous said...

Sunny, I think you should make this a "girls only" blog. Lol

Anonymous said...

Well Crystal I hope you're not $87000 in debt.

Anonymous said...

There is good debt and bad debt. Bad debt is debt YOU pay.

Good debt is debt the OTHERS pay for you. When you borrow to invest, the income that is generated as a result needs to exceed the payment on the debt that was used. I believe Sunny has said over and over that the dividends exceed the interest payment on her line of credits.

Although the line of credit never gets reduced if you only pay the interest, but Sunny is not paying it whereas the companies she owns pays it through paying her dividends.

Anonymous said...

So Sunny owns companies? Wow!
You sound knowledgable .... Yep.
So for me I'm not one for living beyond my means. So when I hear 87000$ in debt I cringe.
I don't think anybody would advise investing from money borrowed on high interest credit cards or a line of credit. Not even Mlle Soleil.

Anonymous said...

$87,000 is hardly any debt today. Buying a house is 200k and more. You have people driving trucks, pulling campers with a 4 wheeler in the box that they owe over 100k. Like the previous poster mentioned, the dividend covers the payment and she still has 70k in equities. This is 2011, not 1980.

Crystal said...

Sunny manages her finances very well.

As for the anonymous question; I presently do not have any debt, however, if an opportunity arises, I would consider borrowing to invest. Interest rates are low, my dividend income would cover the cost, and I could certainly use the tax deduction.

Anonymous said...

Strange-wasn't Derek Foster advocating a stop Working strategy?-And here we are all working to pay off debts-whether they be from stock purchases, real estate investments, or keeping up with the Jones'.

SUnny-what is your main financial goal?


Anonymous said...

Good point Mark. Maybe that's what the other anon poster(s) have been trying to get at.
I hope she answers this. You might be looking for a rich woman!

Sunny said...

It's possible to reach financial freedom but it involve a lot of things and those things are what we are working for everyday like paying off debt, building a portfolio... That can take a couple of years or a lifetime to achieve. It's not something easy.

My situation is always a top main goal of course but I have a long way to go. That's why I began to fix the goal to reach my first 50k, after my first 100k in investment, and after that my first 200k and after the 200k, it will be a 300k and so on.

Aspiring to a stop working dream involve too much things that I may not be able to reach in the next few years.

So getting focus on something else is what I am doing. And hitting the 200k is interesting enough too. Don't you think so?

Anonymous said...

Ok Mark. If you get that you can have her.

Ruth said...

interesting letters and i just love reading all the thoughts are in the interest rates and as long as they remain problems. as it looks , that will be for years....tough on the old folks who depended on GIC , guaranteed income. gone forever . the one solution might be to marry rich!


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